Blockchain Technology for Industry 4.0
Rajiv Kumar Berwer
Department of Computer Science and Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorSanjeev Indora
Department of Computer Science and Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorDinesh Kumar Atal
Department of Biomedical Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorVivek Yadav
Expresslending Pty Ltd, Melbourne, Victoria, Australia
Search for more papers by this authorRajiv Kumar Berwer
Department of Computer Science and Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorSanjeev Indora
Department of Computer Science and Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorDinesh Kumar Atal
Department of Biomedical Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Sonipat, Haryana, India
Search for more papers by this authorVivek Yadav
Expresslending Pty Ltd, Melbourne, Victoria, Australia
Search for more papers by this authorMahmoud Ragab AL-Refaey
Information Technology Department, Faculty of Computing and Information Technology (FCIT), King Abdulaziz University (KAU), Jeddah, Saudi Arabia
Mathematics Department, Faculty of Science, Al-Azhar University, Naseir City, Cairo, Egypt
Search for more papers by this authorAmit Kumar Tyagi
Department of Fashion Technology, National Institute of Fashion Technology, New Delhi, India
Search for more papers by this authorAbdullah Saad AL-Malaise AL-Ghamdi
Information Systems Department, Faculty of Computing and Information Technology (FCIT), King Abdulaziz University (KAU), Jeddah, Saudi Arabia
Information Systems Department, School of Engineering, Computing and Design, Dar Al-Hekma University, Jeddah, Saudi Arabia
Search for more papers by this authorSwetta Kukreja
Department of Computer Science and Engineering, Amity University, Mumbai, Maharashtra, India
Search for more papers by this authorSummary
The Internet of Things (IoT) and blockchain have become the primary technologies that are essential to the development of a smart society. Due to their numerous uses in our daily lives, these technologies are becoming increasingly popular. Industry 4.0 is the advancement of how present businesses operate to attain superior efficiency, end-to-end connectivity, lower expenses, and better quality. By utilizing technology from the IoTs, artificial intelligence (AI), or data analytics, it tries to achieve interconnectivity and automation. Better automation and connectivity are not without problems, though. Among them include building trust and dependability, increasing transparency, product traceability, creating a productive supply chain, safely storing and exchanging transactional data, and certification for quality compliance. Blockchain technology is used in several industrial applications because of its decentralization, immutability, authenticity, and transparency properties, and it also has various features related to accessibility, such as smart contract, proof of work, DApps, and so on. Blockchain is not limited to Bitcoin (cryptocurrency); it can be used in many industries like health care, supply management, financial organizations, and so on. The chapter covers the use of blockchain technology in several Industry 4.0 applications and how it might solve their problems. The basics of Industry 4.0 are covered first. Following that, an explanation of blockchain's operation and its potential role in Industry 4.0 is provided. The problems of Industry 4.0 are further discussed, along with potential solutions using blockchain technology. The difficulties associated with applying blockchain technology to the development of Industry 4.0 are also covered in this chapter.
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